Paramount settlement clears path for $110 billion Warner Bros. merger
The agreement with US states includes a requirement tied to annual film production.
Paramount has settled a lawsuit brought by US states over its planned $110 billion merger with Warner Bros., removing a legal obstacle to the transaction, according to BBC Business.
The settlement includes a commitment to produce 30 films a year. The supplied summary says Paramount could be required to sell parts of the company if it fails to meet that condition.
The item does not provide the full settlement text or detail all of the obligations attached to the deal. It indicates, however, that the agreement allows the merger process to move forward under enforceable commitments.
Sources
- Paramount settles lawsuit with US states, clearing way for $110bn merger with Warner Bros — BBC Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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